Money, hardware price, attractiveness.
The heads of printers (you'll need one for each color) aren't that cheap. Based on the printer design those are either part of the cartridge itself or separated (and connected to the ink cartridge through a thin pipe).
While I haven't looked up your printer, I assume it's having separated heads, since otherwise you wouldn't be able to switch the ink on the fly. So just look up the black printer head in an online store. You'd need one more of these. The "switch" mechanism wouldn't be there of course, but instead you'd need another tray etc. so prices here should be similar.
They obviously consider the ink lost during switching cheaper for the consumer (or they just consider it a convenient way to get you into buying ink more frequently).
Edit: Out of curiosity I still looked it up on Amazon:
That's quite a tiny selection of colors... :)
That's a total of 9 different cartridges with colors. I assume the printer has 4 different printer heads (cyan, magenta, yellow, and black). Without the color switching you'd need more than twice the number of printer heads. Also remember that you'll have to clean them from time to time if they're not in use (which could be horribly long, assuming you only print your christmas photos every year or something like that). So overall, I guess reusing the heads based on the job might indeed be the better solution. Remember that cleaning heads wastes some ink as well (probably even more than switching).
Edit 2: To answer your question regarding the "just reusing without cleaning": I guess that could cause quality issues, like the first few lines (based on the image to be printed) using the wrong color. The two blacks are indeed different inks. Imagine ordering a car in metallic black and one fender being matte black. You wouldn't like that. I'm not sure what the other grayish cartridges are for though, maybe someone else could elaborate a bit more on those :)
Thanks! That makes some sense. I didn't mean to suggest "just reusing without cleaning". I do see how that'd go wrong. I meant "why don't they just have yet another printer head", which you addressed. – Henrik N – 2014-06-29T09:01:40.097
Ah ok, then I misunderstood you. – Mario – 2014-06-29T09:02:19.213
Happened to see this when looking up something else: "…a one-inch, nine-color, eight-channel MicroPiezo AMC print head" I'm still not sure why they'll add as many as 8 but won't add a 9th. Would the cost of one more channel really be prohibitive? I'm thinking maybe there's some technical reason to stick to a single black channel.
– Henrik N – 2014-06-29T21:29:12.613Oh, interesting. So it's everything in a single big head "module"? I guess they don't want one head being idle/unused for extended periods of time. – Mario – 2014-06-30T11:50:08.010